First coin minted in ancient Egypt From Wikipedia, the free encyclopedia
The gold stater (Egyptian: nfr-nb, "Nefer-nub", meaning "fine gold") was the first coin ever minted in ancient Egypt, around 360 BC during the reign of pharaoh Teos of the 30th Dynasty.
Teos introduced the gold stater in order to pay salaries of Greek mercenaries who were at his service.
Teos' successor Nectanebo II kept this practice, though coining his personal gold staters.
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